My husband received a SSA-1099 for his deceased father. Box 1 is my husbands SSN. Box 2 has my husbands name, followed by OAO. Box 7, husbands name followed by OAO on the 1st row, 2nd row has his fathers name followed by deceased, followed by my husbands address.
I think we have figured out already this is income to us and we need to include it on our own joint tax return. What we aren't sure about is when I start going through the questions on TurboTax, is whether this is considered a lump sum payment? And then it asks what year it's from. His father died in 2024, but box 3 on the 1099 states "Benefits for 2025." Is this considered a lump sum, and do I use 2024 or 2025 as the year?
